Bill Gates back on top of the rich list

Welcome! welcome!, welcome back Bill Gates to the the world’s richest people, with a net worth of over $55 billion. Gates, the one and only co-founder of tech giant Microsoft, needs no introduction . The superman of tech has regained his title after Microsoft shares, up 28% so far this year, closed at a five-year high Thursday for the second time this week!

Bill Gates – World’s Richest Man

Gates, 57, hasn’t been No. 1 on the Bloomberg Billionaires Index since 2007 and his fortune, valued at $72.7 billion, is up 15% year to date. Less than 25% of his fortune is held in shares of Microsoft, maker of Windows — the world’s dominant PC operating system. This must definitely be a great feeling for the world renowned entrepreneur and role model to many across the globe. He has donated has a major amount of his fortune( $28 billion) to the Bill & Melinda Gates Foundation which was founded 14 years ago. Gates, his wife and fellow billionaire Warren Buffett operate the foundation which is one of the world’s wealthiest philanthropic organizations.The co-founder of Microsoft remains the company’s chairman.

The position was reached because Microsoft’s stock has been on a tear and increased Gates’ fortune by $10 billion. Since the start of 2013, Microsoft shares have climbed 28%, despite the struggles the company has been having with Windows 8 – the company’s latest operating system.

Warren Buffett, 82, who had taken the seat from Gates is the world’s third-richest person with $59.7 billion, according to the Bloomberg ranking. He is worth about $3.7 billion and resides as the chairman and CEO of investing conglomerate Berkshire Hathaway, headquartered in Omaha, Nebraska.

Published by Syeda Fatima

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